Retail premises for sale in Battersea Park Road, London SW11

Main road position in Battersea
Three-storey end-of-terrace property
Class E retail unit held on 25 year lease
Two bedroom flat on 200 year lease
Current rental income of £25,200 per annum
Gross rental yield 4.03%

The property is situated in the Battersea area of London, within the London Borough of Wandsworth. The area is centered approximately 3.5 miles southwest of Charing Cross and is one of the most sought after residential and commercial areas of London. The area has seen an uplift in desirability in recent years, fuelled by the Battersea Power Station redevelopment. Battersea is famed for its stunning 200 acre mature, Victorian park which offers a lake, ecological areas and recreational activities including tennis courts, children's playgrounds and cafes.

Whilst easily accessible by road, the area benefits from first-rate transport connections, with Clapham Junction being approximately 0.6 miles away, offering links to London Victoria, London Waterloo and Vauxhall.

Three-storey end-of-terrace property. Constructed of brick, it is understood that the property originally formed part of a paper factory. The property has been well invested in in recent years and is well presented throughout.

The property comprises:

Ground floor - battersea park road

Lessee: Individual
Accommodation: Ground floor Class E unit. Approximately 36.86 m² (gia)
Lease Details: 25 years commencing 2024. Part repairing and insuring. Landlord & Tenant Act 1954 protected. Rent deposit £6,000 held. Rent review every fifth year.
Current Rent: £24,000 per annum

Upper floors - battersea park road

Lessee: Individual
Accommodation: First and second floor maisonette. Two double bedrooms, two shower rooms, open plan lounge and modern kitchen (measuring approximately 66.3 m² (gia). Suntrap roof terrace.
Lease Details: 200 years commencing 2024. Full repairing and insuring. Landlord & Tenant Act 1954 protected. Sub-letting permitted.
Current Rent: £1,200 per annum